2870 Joseph Ave - Apartments FOR SALE


San Jose, CA 95124
$1,775,000 USD
650-868-0738
2870 Joseph Ave, San Jose, CA for Sale
$1,775,000 USD
Apartments - FOR SALE
1/14
null | 4.34% Cap Rate

2870 Joseph Ave
San Jose, CA 95124


HIGHLIGHTS

  • Three of our units completely updated in the past few years
  • Pride of ownership building with many updates inside and out
  • Four 2 Bedroom 1 Bathroom units
  • Large 9100 Sq. Ft Lot, parking for ten cars, strong stable tenants

OVERVIEW

2870 Joseph Avenue in San Jose presents an exceptional opportunity to acquire a well-maintained fourplex in the heart of Silicon Valley. Situated on a spacious 9,100 square foot lot, this multifamily asset features four two bedroom, one-bath units, each thoughtfully updated and meticulously cared for. With a strong physical condition and desirable unit mix, this property is an ideal investment for those seeking stable cash flow with additional rental upside. Currently generating over ±$9,600 per month in gross income, the property boasts a history of strong, long-term tenancy, reflecting the area’s consistent rental demand. There remains room for future income growth, with market rents supporting monthly totals of over $10,000. The tenant profile is solid, with responsible occupants and minimal turnover, providing an investor with peace of mind and operational ease. Parking is a significant advantage at 2870 Joseph Avenue, offering four covered carport spaces and five open stalls—ample for tenant convenience and compliance. An on-site laundry facility adds both utility for tenants and additional income potential for ownership. These amenities contribute to the overall appeal and long-term desirability of the property in a competitive rental market. The location is one of the property’s strongest features. With immediate access to Highways 280, 85, and 17, tenants enjoy excellent connectivity to the greater Bay Area. The property is also close to shopping, dining, and entertainment hubs, as well as some of the region’s top employers in tech, healthcare, and education, making it an attractive home for a wide range of working professionals. Whether you’re a first-time multifamily investor or looking to expand your portfolio, 2870 Joseph Avenue represents a rare blend of location, unit mix, stable income, and long-term growth potential. Its central San Jose setting and consistently strong rental history make it a standout investment in a supply-constrained market.

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$593 USD /SF

# OF UNITS

4

PRICE/UNIT

$443,750

CAP RATE

4.34%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

RM

APN/PARCEL ID

414-05-006

ASK ABOUT THIS PROPERTY

Scott KilpatrickCompass CommercialMore Info
650-868-0738

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Scott KilpatrickCompass CommercialMore Info
650-868-0738

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.